FREE Forms and More with My New Book “Landlording on AutoPilot”

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How to Enter New Tenant in Tenant Tracking

How to Enter a New Tenant properly into Tenant Tracking  (6min video for members)

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What Version of QuickBooks Should I Get?

What Version of QuickBooks® Should You Get?

The Investor Books PRO System with Tenant Tracking

works only with QuickBooks PRO® Desktop version

No need to upgrade every year – maybe every 3 years or so

Watch Amazon and Walmart for Specials and Discounts of Up to 50% Off!

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3 Day LIVE Landlord Certification Training in Louisville, KY

FLIPS and Rehabs, Question from Randy

FLIPS and Rehabs

Question from Randy:

When I buy a house to rehab and flip,
I enter the expenses of the rehab,
Do I enter it as an repair expense?

I do a close out report and I am showing a Capitalized expense,
I do not know how It got there. Help Please

Randy

ANSWER from Mike

I enter the expenses of the rehab “Improvements”

– NO, NO, NO
– when you buy any property,
everything and anything you do to or on this property…
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Q&A: Where to Enter Your Equity and Proper Use of CASH from Me

Where to Enter Your Equity and Proper Use of CASH from Me

  • with a dose of Crazy Advice from an Incompetent CPA

 

Question from Cassandra:

Hi Mike, I’m really enjoying your QuickBooksForInvestors system!!

Here’s my question….

I have heard you say you don’t bother with the Owner Equity account cause you let your CPA deal with that.

From Mike

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